51
CapitaLand Mall Trust
Annual Report 2015
We are committed to providing the investment
and media communities with timely, objective and
transparent information on CMT’s business and
performance.
The manager of CMT (Manager) proactively engages
and meets existing and potential investors as well
as analysts. In 2015, we met or held conference
calls with over 350 institutional investors locally and
globally through participation in one-on-one meetings,
post-results investor briefings as well as investor
conferences and roadshows in Singapore, Hong Kong,
Japan, Europe, the United Kingdom and United States
of America. We also constantly engage our growing
base of debt investors, given CMT’s diversified sources
of debt funding. In September 2015, we participated in
the ‘CapitaLand Debt Investors’ Day’, which was well
received and attended by investors.
We made conscious efforts to engage more retail
investors as well, through large group seminar and
event. CMT is a member of the REIT Association of
Singapore (REITAS). During the year, CMT participated
in the inaugural SGX-REITAS Education Series hosted
by REITAS and Singapore Exchange to provide
general public education of Singapore real estate
investment trust (S-REIT) industry and CMT’s Chief
Executive Officer (CEO) shared on CMT’s investment
proposition. The audiences had the opportunity
to ask questions and interact with the CEO at the
seminar. We have also participated in an investment
event jointly organised by Shareinvestor and REITAS
to reach out to the retail investors. There were booth
display of companies, series of education talks and
opportunities for the retail investors to mingle with
representatives of the companies, including CMT.
Approximately 16,000 registered Unitholders owned
CMT units as at 31 December 2015. CapitaLand
Limited held, through its subsidiaries, 29.30% of
the units in CMT, 56.36% of the units were held by
other institutional investors, while retail investors
constitute the remaining 14.34%. Investors from
Singapore (excluding CapitaLand’s stake), United
States of America and the United Kingdom held the
largest portions of unitholdings in CMT at 13.57%,
14.05% and 11.56% respectively, while the remaining
unitholdings were held by investors from Hong Kong,
Europe (excluding the United Kingdom), Australia and
other regions.
Joint analyst and media results briefings are held
every six months to provide updates on CMT’s
half-year and full-year financial and operational
performance. The briefings are webcast ‘live’ and
viewers of the webcasts can send in questions online
to be addressed by the management.
In addition, annual general meeting (AGM) provides
an important channel for communication between the
management and Unitholders. CMT convened its AGM
in April 2015 with Unitholders approving all resolutions
tabled at the event. Minutes of the AGM are also made
available in CMT’s website for greater transparency.
In September 2015, the Manager had adopted the use
of electronic voting by poll for the resolutions put forth
at its extraordinary general meeting. This has resulted
in greater efficiency in the polling process.
General information on CMT including annual reports,
property portfolio details and investor presentations
is updated regularly on the corporate website
(
) for investors and the general
public. All news releases and announcements are also
made available on the Singapore Exchange Securities
Trading Limited (SGX-ST) website. Investors may also
sign up for email alerts to receive the latest updates on
CMT. Mall tours are regularly conducted for analysts,
investors and journalists who are keen to visit CMT’s
properties to better understand the performance of the
various malls and the asset enhancement initiatives.
Currently, 20 local and foreign brokerage firms have
research coverage on CMT.
As part of our proactive corporate governance efforts
and in line with the Monetary Authority of Singapore’s
Code of Corporate Governance 2012, we have put
in place a Unitholders’ communication and investor
relations policy to promote regular, effective and fair
communication with Unitholders. The detailed policy
is located on CMT’s corporate website under the
‘Investor Relations’ section.
Investor & Media Relations
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
